About School Fee Education Financing

Flexibility

enables families to spread their child’s termly/ yearly school fees into fixed monthly instalments, rather than make large lump sum payments every term or semester. This gives families the reassurance of knowing exactly what their school fee commitments are, making it easier for families to manage the household budget.

Peace of mind

Edufinancial manages the payment of your school fees on your behalf, so you never have to worry about missing a payment to theschool again! Edufinancial can cover any fixed school payments, including tuition fees, boarding fees and laptop plan.

Portability

Edufinancial can be used at most schools within Lagos state provided the family passes our eligibility criteria. Even I f your child changes schools during the school year, Edufinancial can adjust your instalments based on the new school’s fees.

Co-contribution of instalments

With Edufinancial School Fee Education Financing, the instalments can be split between two members, enabling separated parents or grandparents, to co-contribute to a child’s school fees.

Hassle Free

Paying school fees by instalment makes good sense,however, setting up an arrangement with the school can be an uncomfortable experience for some. Edufinancial liaises.

• Once your application has been approved, Edufinancial liaises with your child’s school to obtain their fee schedule. We then calculate your monthly instalments based on the school fees to be funded and the applicable Edufinancial interest. This figure will be confirmed in the letter of confirmation, which we will send you.
• Your monthly instalments to Edufinancial are deducted by direct debit from your nominated bank account or paid directly into Edufinancial bank account on the first working day of each month with the exception of January, which will be deducted on the 15th of the month.
• Edufinancial pays your child’s school fees directly to the school when they are due, provided your instalments to Edufinancial are up to date.
• Towards the end of the school year , Edufinancial will send you a renewal form inviting you to re-apply for the next school year. There are no penalties for early cancellation.